The Swiss application Relai, specialized in buying and selling Bitcoin, recently raised 12 million dollars to support its expansion in Europe. This funding, led by ego death capital with participation from investors such as Plan B Bitcoin Fund, Timechain, and Solit Group, will enable Relai to improve its platform, simplify the process of buying Bitcoin, and educate users about the benefits of crypto as a savings tool. Moreover, Relai plans to obtain the MiCA (Markets in Crypto-Assets) license to access a potential market of 400 million users in the European Union. Founded by Julian Liniger and Adem Bilican in 2020, Relai has seen significant growth with a 300% year-over-year increase in user adoption, and aims to reach one million downloads by 2025.
Zengo est de loin le meilleur portefeuille NFT et crypto. Outre le fait d’être un portefeuille non-dépositaire, il privilégie la sécurité des utilisateurs en proposant le MPC. Zengo se démarque aussi par son authentification à 3 facteurs. Sa fonctionnalité multi-chaînes le permet en même temps de prendre en charge divers actifs numériques dont les blockchains les plus populaires.
Relai raises 12 million dollars for its expansion in Europe
The Swiss application Relai, specialized in buying and selling Bitcoin, recently secured impressive funding of 12 million dollars. This fundraising was led by ego death capital, in collaboration with other notable investors such as Plan B Bitcoin Fund, Timechain, and Solit Group. Thanks to this funding, Relai is well positioned to accelerate its expansion in Europe, focusing on enhancing its user interface and simplifying the process of purchasing cryptocurrencies like Bitcoin, already popular for its security and ease of use.
Obtaining a MiCA license to access the European market
In its ambitious plans to conquer the European market, Relai aims to obtain the valuable MiCA (Markets in Crypto-Assets Regulation) license. This license is essential to address a potential audience of 400 million users across the European Union. With a regulatory framework in place, the MiCA regulation will provide increased transparency and further secure the use of crypto-assets across Europe. This strategy should allow Relai to strengthen its position as a market leader in Europe, while boosting Bitcoin adoption through targeted user education on the benefits of Bitcoin as a savings tool.
Growth and development of Relai
Since its founding by Julian Liniger and Adem Bilican in 2020, Relai has experienced significant growth, with user adoption increasing by 300% year over year. The application stands out with its self-custody feature, allowing users to independently manage their Bitcoins. The goal is to reach one million downloads by 2025, reflecting Relai’s commitment to democratizing access to cryptocurrencies. With its intuitive interface, even uninitiated European users can easily buy and sell bitcoins, making Relai a recognized name in the rapidly expanding fintech sector. While challenges abound, Relai is resolutely positioning itself as a pioneer in the crypto-assets sector.
